Author Question: Which of the following would reduce the supply of computers? a. higher wage rates for the workers ... (Read 85 times)

Anajune7 · **on:** Jun 30, 2018

Which of the following would reduce the supply of computers?
a. higher wage rates for the workers that assemble the computers
b. a technological improvement that lowers the cost of producing the computers
c. a reduction in the price of computer chips used to produce the computers
d. All of the above would reduce the supply of computers.

Question 2

If the price level is fixed, then changes in nominal income will be equivalent to changes in real income.
a. True
b. False
Indicate whether the statement is true or false